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Chicago & Midwest  + Downtown  + Finance  |  January 28, 2026
Jasmine Kilman
By: Jasmine Kilman

Byline Bank Closes $43M in CRE Financing to Finish 2025

Chicago-based Byline Bank’s Commercial Real Estate Group (BCREG) closed out December 2025 with five financing transactions totaling $43 million, all completed with returning borrowers.

The transactions spanned industrial outdoor storage, multi-tenant industrial, self-storage and flex industrial assets across Illinois, Ohio, Wisconsin and New Jersey. The deals were primarily structured as refinancings, bridge loans and permanent financings.

The transactions include a $10.3 million bridge loan for a 12-acre industrial outdoor storage property in Southern New Jersey, a $4 million value-add bridge loan for 96,000 square feet of industrial space in Dayton, Ohio, and $12.75 million in permanent funding for a 100,000-square-foot self-storage facility in Chicago, Illinois.

Additional transactions included an $8.75 million term loan for a multi-tenant industrial property in Cleveland, Ohio, and $7.2 million in permanent financing for a stabilized industrial building in Oak Creek, Wisconsin. In 2025, BCREG closed over $350 million in commercial real estate commitments.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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